Energy prices surge after strikes on Qatar gas hub
pre-market1 source ↓written by the desknot a recommendation
- oil also jumped
- 10%
- per barrel
- $119
- are currently
- 175p per therm
Oil and gas prices have surged following strikes on Qatar's gas facility, with gas prices up 25% in early trading. Brent crude oil also jumped 10% to over $119 per barrel. This escalation raises concerns over global energy supply amid ongoing tensions in the Middle East. ⚡
• Gas prices in Europe are now more than double pre-war levels.
• UK gas prices are currently around 175p per therm.
Immediate market implications include increased volatility in energy stocks.
Not investment advice. For informational purposes only.